Sustained firmness in SA coal prices
07 Feb 2014
February 7: Continued firmness was witnessed in spot South African coal prices in the aftermath of reduced cargo availability, following disturbances in loading through RBCT due to power outage and also because of expectations of higher enquiries from China once they come back to the market on February 10 after the holidays, industry sources said.
Australian coal prices softened a bit, but Indonesian varieties too firmed up on expectations of Chinese interest, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on January 6:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) as on Feb 06, 2014 |
Price/ton (in $ and FOB) as on Feb 05, 2014 |
Week Ago Price/ton (in $ and FOB) Jan 29, 2014 |
6-month ago Price/ton (in $ and FOB) Aug 06, 2013 |
Year Ago Price/ton (in $ and FOB) Feb 06, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
83.50 |
82.00 |
81.50 |
71.70 |
83.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
66.25 |
65.60 |
66.00 |
64.80 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
76.20 |
76.50 |
81.00 |
78.60 |
97.30 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.25 |
70.00 |
71.00 |
69.20 |
75.30 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.70 |
56.50 |
57.00 |
57.50 |
59.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.60 |
38.20 |
38.00 |
42.25 |
40.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.75 |
31.60 |
31.50 |
36.40 |
34.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
127.50 |
127.50 |
126.50 |
136.00 |
173.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
126.00 |
126.00 |
125.00 |
134.00 |
172.75 |
Semi Soft |
88.90 |
88.90 |
87.50 |
95.00 |
125.50 |
|
Met Coke (CFR India) |
257.00 |
260.00 |
265.00 |
245.00 |
300.00 |
Freight Rate:
Destination
|
As on Feb 06, 2014 (in $/ton) |
As on Feb 05, 2014 (in $/ton) |
Week Ago Jan 29, 2014 (in $/ton) |
6-month Ago Aug 06, 2013 (in $/ton) |
Year Ago Feb 06, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
15.50 |
15.75 |
16.00 |
15.25 |
14.00 |
South Africa (RBCT) to India (East Coast) |
15.80 |
16.00 |
16.40 |
15.75 |
15.00 |
Indonesia (Kalimantan) to India (West Coast) |
8.75 |
8.60 |
9.40 |
9.80 |
7.80 |
Indonesia (Kalimantan) to India (East Coast) |
7.90 |
7.60 |
8.40 |
8.50 |
7.10 |
Australia to India |
15.75 |
15.75 |
16.75 |
16.00 |
NA |
Source: ICMW (Traders)